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2018 Annual Report & Financial Statements 2018 Annual Report & Financial Statements Celebrating 50 years of ChesterReport of the Trustees Beatty’s 2018 gift to Ireland 1 Cover image: Chester2 Beatty, c. 1930 Chester Beatty 2018 Annual Report & Financial Statements Contents Trustees and Other Information 6 Introduction 8 Mission 12 Vision 13 Primary Activities and Achievements 18 Chester Beatty Staff List 31 2018 Financial Review 34 Structure, Governance and Management 35 Reference and Administrative Details 40 Trustees’ Responsibilities Statement 41 Independent Auditor’s Report to the Trustees of the Chester Beatty 42 2018 Financial Statements 44 Report of the Trustees 2018 3 “Beatty's greatest legacy is not only that he amassed one of the greatest private collections in the world, but that his great spirit of generosity ensured that it would be made available to the general public to be enjoyed and studied and used as a source of inspiration and a shared cultural experience.” President Michael D. Higgins at the inauguration of Gift of a Lifetime 18 October 2018 President Michael D. Higgins opens the special 50th anniversary exhibition, Gift4 of a Lifetime: Treasures from Chester Beatty’s Collection Chester Beatty Report of the Trustees 2018 5 Trustees and Other Information Trustees – in alphabetical order Director/CEO Dr Catherine Day (Chair since September 2017) Ms Fionnuala Croke Mr Eamonn Ceannt (until September 2018) Clock Tower Building Dublin Castle Sir Marc Cochrane Dublin 2 Dr Sandra Collins D02 AD92 Mr Dermot Desmond Ms Clare Duignan (from July 2018) Mr David Gillett (from July 2018) Auditors Prof. Kathleen James-Chakraborty PricewaterhouseCoopers Prof. Brian McGing Chartered Accountants and Registered Auditors One Spencer Dock Mr John Neary (from November 2018) North Wall Quay Mr Tony O’Grady (from July 2018) Dublin 1 Prof. Roger Stalley D01 X9R8 Solicitors Arthur Cox Solicitors Earlsfort Centre Earlsfort Terrace Dublin 2 D02 T380 Bankers Allied Irish Bank plc 40-42 Ranelagh Dublin 6 D06 VY58 6 Chester Beatty Diwali celebration at the Chester Beatty Report of the Trustees 2018 7 Introduction When Sir Alfred Chester Beatty died in Monaco on 19 January 1968, at the age of 92, The Times of London said of him that he was “the greatest of all living figures in the mining industry, and with his passing the world has lost one of its most romantic characters”. This may have come as something of a surprise to many A selection of the finest world treasures from Beatty’s reading this obituary. Almost twenty years had passed since collection was brought together in the major anniversary Chester Beatty had retired to live quietly in Ireland. He was not exhibition, Gift of a Lifetime, which was opened by our patron, a man who courted publicity and, outside of the mining world, President Michael D. Higgins in October. On that occasion, we his achievements in that field were probably little known. were joined by Beatty’s granddaughter, Mrs Sarah Thomson Jones, who later wrote that she was ‘overwhelmed by the By the time of his death, Beatty was much better known in love and respect [shown] for my grandfather’. In his speech, the world of art, as a collector of manuscripts and artefacts of President Higgins addressed themes that lie at the very heart great age and rarity: from the early Christian period, from the otf the mission of the Chester Beatty when he spoke of the Islamic world and across Asia. power of great art and great literature to “[embrace] other In his Will, Beatty left his magnificent collections to the people cultures, the understanding of other beliefs and the respecting of Ireland, in the care of a Trust. With the support of the State, of cultural differences aligned to a realisation of a common we continue to develop Beatty’s legacy ensuring that the and shared humanity”. museum which carries his name cares for and displays the In early December, the new Chester Beatty website was treasures that he spent a lifetime assembling and, above all, launched, together with the first phase of the digital collections making these works accessible to everyone. online, supported by a dedicated grant from the Department of Throughout 2018, the year that marks the 50th anniversary Culture, Heritage and the Gaeltacht (DCHG). We will continue of Beatty’s death, a special series of highlights was planned to work towards our objective to digitise all of the collections to celebrate what may be regarded as the greatest gift by over the coming years, with full accompanying metadata, so any individual to our country. The first of these took place in that visitors all over the world – scholars and schoolchildren January, when An Post launched four commemorative stamps alike – can engage with the extraordinary treasures that Beatty featuring Beatty himself and a selection of works from the assembled. collections. The year ended on a high note when the documentary Chester Beatty: Honorary Irishman aired on RTÉ 1 during the Christmas period in a prime time slot. 8 Chester Beatty We wish to pay tribute to the Staff of the Chester Beatty, The Chester Beatty faces an ongoing challenge in aligning who worked tirelessly during 2018 to deliver this special our strategic priorities with the resources available to us. The programme, driven by their commitment to the museum and grants from DCHG accounted for approximately 80% of our its remarkable collections. funding in 2018. The remaining 20% was generated from Chester Beatty’s commercial and fundraising activities. Looking to the future, the Chester Beatty will focus on its growing number of visitors, both physical and virtual. Some The collections we care for are of global significance and 350,000 visitors on average visit the museum each year and we constantly seek new ways to communicate their potential we are committed to developing the displays, and to seeking to inspire, to educate and not least to build bridges across new ways to make the collections more accessible for a wider communities and nations. For some, a visit to the Chester audience. Beatty is their first introduction to another culture. Others feel a sense of pride and emotion to see precious objects of their In 2018, the Ireland 2040 Capital Plan was launched, with an own faith or culture celebrated here. Great art has the power allocation of €20 million for the development of the Chester to move us deeply, and we wish for all our visitors to leave here Beatty. We are grateful for the vital, continuing support of the with a sense of delight, and perhaps a lightness of spirit, and a DCHG and of the Office of Public Works (OPW); and we are desire to return. working closely with both to explore ways to expand the space we occupy so that the collections – and our visitors – will have the experience they expect and deserve when they visit the Chester Beatty. Catherine Day Fionnuala Croke Chair of the Board of Trustees Director/CEO Fionnuala Croke and Dr Catherine Day with President Michael D. Higgins Report of the Trustees 2018 9 A detail from the Japanese Tale of Tawara Tōda 10(CBL J 1164) Chester Beatty Conservator, Alice Derham, Reportrepairs ofan the Indian Trustees miniature 2018 11 Mission The enduring mission of the Chester Beatty is to maintain and preserve the Collections of the museum and to make them available in the most appropriate ways for the use and enjoyment of the public and for scholarly study and research, in order to promote a wider appreciation and understanding of the international cultural heritage embodied in the Collections and to foster relations between Ireland and the peoples whose cultures are represented in the Collections. Researchers study the Manichaean Kephalaia in the Reference Library 12 Chester Beatty Material from the Islamic Collection ready for display in Gift of a Lifetime Vision The Chester Beatty will become widely known in Ireland and internationally as the pre- eminent centre in Ireland for the understanding of world cultures, advancing knowledge and engagement through our Collections, expertise and collaborations. Report of the Trustees 2018 13 15,000 images launched with the Digital Collections Online 97% of visitors would recommend a visit to a friend 10% of the Collection digitised and freely available online (and growing!) 168,000 visitors to special exhibitions 349,317 visitors to the museum 586 public tours in 5 languages 14 Chester Beatty 80 18,146 works lent to institutions abroad Participants hosted at public events 215,000 1,150 viewers of the documentary volunteer hours contributed Chester Beatty: Honorary Irishman 37% 35 increase in public donations lectures, talks and tours delivered by staff Report of the Trustees 2018 15 “It was all a great adventure.” Chester Beatty on his lifetime of collecting The Irish Tatler & Sketch May 1956 A child gazes at a brightly-coloured Gospel book from16 18th-century Ethiopia (CBL W 912) Chester Beatty Report of the Trustees 2018 17 A display from the special exhibition, Miniature Masterpiece: The Coëtivy Hours Primary Activities and Achievements The Chester Beatty’s commitment to public service lies at the heart of everything it does. All activities fall under one of five strategic priorities, and underpinning each strategic priority is a desire to enhance the visitor experience and encourage ongoing engagement with the Collection. The Chester Beatty’s Strategic Priorities 2016–2020 are: 1. To safeguard, manage and develop the Collections 2. To enhance access, physically and digitally, to the Collections for diverse audiences 3. To promote intercultural dialogue and learning 4. To ensure the Chester Beatty is financially sustainable and cost effective in its operations 5. To attract, retain and develop our staff 18 Chester Beatty To safeguard, manage Researching the Collection The Chester Beatty encourages research as a core function and develop the Collections of its operation.
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